Carnival said consolidated operating income for the quarter ended February 28, 2025 was $543 million, an increase of $267 million from $276 million in the same period of the prior year.

1. 01

   Carnival said consolidated operating income for the quarter ended February 28, 2025 was $543 million, an increase of $267 million from $276 million in the same period of the prior year.

2. 02

   Passenger ticket revenues increased by $216 million (6.0%) to $3.8 billion, the company said, citing higher ticket prices of $145 million as a driver of the increase, partially offset by a net unfavorable foreign currency translation impact of $50 million.

3. 03

   Interest expense, net of capitalized interest, decreased by $94 million (20%) to $377 million, Carnival said, while debt extinguishment and modification costs increased by $252 million to $218 million.

4. 04

   As of February 28, 2025, the company had liquidity of $3.8 billion, and net cash flows from operating activities for the quarter were $0.9 billion, a decrease of $0.8 billion from $1.8 billion in the same period of the prior year.

Key figures

Quarter ended February 28, 2025

Revenue

$5.8B

Operating income

$543M

Net income

−$78M

EPS

−$0.06

Operating cash flow

$925M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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